Investing in real estate is nothing at all like investing in the stock market, or most other financial markets for that matter. Successful investing in real estate requires a full understanding of what it is you’re getting into, and a willingness to get your hands dirty.
This has been one of the debates that have existed though the ages. It’s right up there with “Is there life after death?” “What’s the meaning of life?” and “Should I have children?” The questions about a mortgage are relatively easy: Should I get a 15-year or 30-year mortgage? Should I prepay my mortgage? I would have to say if you currently own a home or are looking to buy, get a 30-year fixed mortgage.